Industry Insights
[195+ Pages Report] According to the report published by Facts & Factors, the global plant-based meat market was valued at approximately USD 3.77 Billion in 2019 and is expected to generate revenue of around USD 9.43 Billion by end of 2026, growing at a CAGR of around 14% between 2020 and 2026.
Global Plant-based Meat Market: Overview
Plant meat is an alternative to meat derived from plants, other non-animal products, which imitates the flavor of natural meat, texture, and other characteristics. These products are designed primarily as an effective alternative to pork, chicken meat, and beef. In Western countries, retail stores focus on the sale of these products in order to meet the growing vegan and vegetarian demand.
Global Plant-based Meat Market: Growth Factors
Plant-based meat is an alternative of meat derived from plants, other non-animal products, which imitates the flavor of natural meat, texture, and other characteristics. These products are designed primarily as an effective alternative to pork, chicken meat, and beef. Plant-based meat products, the sustainable solution to growing slaughter concerns. In Western countries, retail stores focus on the sale of these products in order to meet the growing vegan and vegetarian demand. Increasing awareness of animal rights and awareness among consumers through worldwide welfare organizations such as Animal Aid and PETA have encouraged people to adopt vegetarian diets to accelerate market growth.
Global Plant-based Meat Market: Segmentation
The market has been categorized into the source, product type, type, end-users, and distribution channel. Based on the type of source, the market is classified into wheat, soy, and pea, among others. The product types are categorized into burger patties, sausages, strips & nuggets, and meatballs, among others. In terms of type, the industry is bifurcated into fish, pork, chicken, and beef among others. The end users of the market are HoReCa and household/retail. The product is available through various distribution channels such as convenience stores, grocery stores, online retail, specialty stores, and restaurants. Geographically, the global plant-based meat market is segmented as North America, Europe, Middle East, Asia-Pacific, Latin America, and Middle East & Africa.
Global Plant-based Meat Market: Regional Analysis
In 2019, the European market holds the largest market share. In Europe, growing vegan trends, particularly in the UK, leads the plant-based meat products. Moreover, the North America region is backed by start-ups such as Beyond Meat, and Impossible Foods Inc. In Asia Pacific, plant-based foodstuffs are gaining popularity as consumers are concerned about healthy lifestyles. In addition, demand for vegetable-based meat products is expected to increase in the coming years due to the rising public health concerns in relation to animal protein sources, ethical concerns, and environmental concerns.
Global Plant-based Meat Market: Competitive Players
Some main participants of the plant-based meat market are Beyond Meat Inc., Royal Wessanen, Maple Leaf Foods Inc., Tyson Foods Inc., Nestle S.A., Marfrig Global Foods S.A., Pinnacle Foods Inc, MorningStar Farms, Impossible Foods Inc., Orkla Foods, Sunfed Ltd., Quorn Foods, Amy’s Kitchen, and VBites Food Limited among others.
Plant-based Meat Market: Regional Segment Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
KEY REPORT POINTERS & HIGHLIGHTS:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable Segments and Sub-segments of the Market
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
- Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
- Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Technological Roadmap, Patents Analysis, Potential Substitutes, and Technical Analysis
- The professionally substantiated market research report study is calculated, constructed, and assembled by implementing a Robust Research Methodology. The Triangular Process comprises a buoyant mix of Exhaustive Primary Research (focused interviews, questionnaires, and ad-hoc surveys) and Extended Secondary Research (paid external databases, proprietary in-house database, and publically-available validated sources), where it is finally triangulated and validated through in-house industry experts, industry leaders, and independent consultants through a tri-level quality check practice.
Table of Content
Industry Major Market Players
- Royal Wessanen
- Maple Leaf Foods Inc.
- Tyson Foods Inc.
- Nestle S.A.
- Marfrig Global Foods S.A.
- Pinnacle Foods Inc
- MorningStar Farms
- Impossible Foods Inc.
- Orkla Foods
- Sunfed Ltd.
- Quorn Foods
- Amy’s Kitchen
- VBites Food Limited
Safe and Secure SSL Encrypted
Choose License Type
COVID-19 Pandemic Impacts
Our Analysts and Consultants are working ceaselessly to congregate, identify, analyze, and portray the Actual Impacts of COVID-19 Global Pandemic in each of our published as well as ongoing research reports to Redefine and Revise Current and Future Market Trends, Growth Rates, And Market Size Projections across the Globe as well as in different Regions and individual Countries.
BUY NOW or REQUEST SAMPLE to avail Detailed Analysis of the COVID-19 Impact on the Market
HAVE A QUESTION? Executive will help you find what you are looking for.
REQUEST CUSTOMIZATION
Still haven't found what you're looking for? Speak to our Custom Research Team
Learn More